Business Standard

Markets end near intra-day highs

Sensex ends higher by 76 points

Image

SI Reporter New Delhi

Markets ended Monday's trading session near the intra-day high levels amid a range bound session. The Sensex provisionally closed higher by 76 points at 17,633 and the 50-share Nifty advanced 27 points to close at 5,348 levels.
------------------------------------------------------------
(Updated at 1430 hours)

Markets continue to trade on a flat note in the late noon deals. The Sensex is up 21 points at 17,579 and the 50-share Nifty has advanced 7 points to 5,326 levels. The markets have been stuck in a narrow range. The Sensex has so far traded in a range of 70 points.

Meanwhile, weak Japanese economic data on Monday tempered European investors' optimism about ECB plans to tackle the euro zone crisis, with most of the European markets trading on a flat noteflat. The CAC 40 index was up 4 points at 3,439, DAX jumped 4 points to 6,948 while, the FTSE 100 was down 17 points at 5,830.

Fears were growing that the German economy could fall into recession in the second half of this year, crippled by the three-year euro zone debt crisis.

Japan's economy grew 0.3% in April-June from the previous quarter, half as much as expected, and slowing from 1.3 percent growth in January-March as a rebound in consumer spending started to lose momentum and as Europe's debt crisis weighed on export demand

Following this development Asian shares ended lower. The Hang Seng slipped 55 points to 20,081, Shanghai slipped 33 points to 2,136 and the Nikkei slipped 6 points to 8,885.

Back home, HDFC is the top gainer among the Sensex stock,s up 2.6% to Rs 708. Maruti Suzuki, Sterlite Industries, Bharti Airtel, BHEL and Bajaj Auto are also trading higher by 1-2% each.

On the other hand, Tata Motors is the top loser, down 3% to Rs 225. Hindustan Unilever, Hindalco, Hero Motocorp, Tata Steel and TCS have also slipped 11.6% each.

Realty index is the top sectoral gainer, up 1.6% or 27 points at 1,661. Consumer durables, capital goods, oil & gas, power and PSU indices are also up 0.5-1.4% each.

At the same time, Auto, FMCG and bankex indices are trading lower.

Among the individual stocks, Bharat Forge has dipped about 3% to Rs 302 on reporting 8% year-on-year (yoy) growth in net profit at Rs 105 crore for the quarter ended June 30, 2012 due to higher interest cost and de-growth in Indian automotive industry.

The broader markets are in-line with benchmark indices. The BSE mid-cap and small-cap indices are up 0.2% each.

The overall breadth is neutral as 1,262 stocks are advancing while 1,362 are declining.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 13 2012 | 3:35 PM IST

Explore News